Global equity markets were mostly weaker overnight. A feature in the marketplace late this week is the steep drop in crude oil prices. Nymex crude oil futures prices are weaker early Friday morning, but well off the overnight low of $43.76 a barrel, which is a 12.5-month low. Stock and commodity markets are feeling downside pressure late this week as the crude oil market became unhinged. U.S. stock indexes are pointed toward modestly lower openings when the New York day session begins.

Fears of slowing economic growth in China, the world's second-largest economy and world's largest raw commodity importer, have also hit the raw commodity sector this week.

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I could be considered a bleeding heart libertarian... why? Because I'm also an idealist. I'm for sound money and smaller government.

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